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If you thought rent hikes were already sky high,

brace yourself.

Biden's latest move is a game changer for tenants and potentially game over for landlords.

Here's what you need to know because there's two sides to this.

Let me know in the comments where you stand.

But President Joe Biden is pushing for a national

rent cap aimed at large landlords to combat rising housing costs. The proposed cap would

limit rent increases to 5% annually for properties backed by federal or state funding.

And this move comes in response to skyrocketing rents, which have outpaced income growth,

causing financial strain for millions of Americans.

We've all seen it.

The administration is rallying state and local governments along with the private sector to support

renters.

Some housing agencies in states like Wisconsin and Pennsylvania have already agreed to these steps.

Additionally, the National Association of Realtors is encouraging property managers to accept

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